UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 18, 2004
BAY BANKS OF VIRGINIA, INC.
(Exact Name of Registrant as Specified in Charter)
| Virginia | 0-22955 | 54-1838100 | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
100 S. Main Street, Kilmarnock, Virginia 22482
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (804) 435-1171
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On February 20, 2004, the Registrant announced that its Board of Directors approved on February 18, 2004, an increase of 50,000 shares approved for the repurchase program for its common stock. The Board has authorized the Registrant to repurchase up to 75,000 shares of common stock from time to time based on, among other things, market price and share availability.
In other activities, the Board of Directors declared a first quarter 2004 dividend of 15 cents per share payable on March 26, 2004 to shareholders of record as of March 8, 2004.
Item 7. Financial Statements and Exhibits.
| (a) | Financial Statements of Businesses Acquired. |
Not applicable.
| (b) | Pro Forma Financial Information. |
Not applicable.
| (c) | Exhibits. |
None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BAY BANKS OF VIRGINIA, INC. | ||
By: | /s/ Austin L. Roberts, III | |
Austin L. Roberts, III | ||
President and CEO | ||
February 20, 2004
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EXHIBIT INDEX
| Number | Description of Exhibit | |
| 99.1 | Press Release, dated December 17, 1999. |
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